Gold Coast property making a comeback
- June 18, 2013
- Darrin Leung
For many years the Gold Coast was aptly named when it came to the property market, as the coast grew up peoples’ bank balances grew too but in recent years there had been a decline in the boom and the Gold Coast property market lost its sheen.
Not anymore, the Gold Coast property is making a comeback. Property sales on the Gold Coast have jumped by an impressive 8% in the 12 months to the end of December 2012, putting it back on top.
In particular there was a huge boom in the sale of affordable properties between $250,000 and $350,000. The massive jump in sales is something that has been growing along the whole southern coast of Queensland as more and more people’s confidence increases and the house prices stay low.
Anecdotally a number of real estate agents are reporting that their sales have increased massively in the past twelve months, with some reporting a whopping 60% increase since the same time the year before.
This means that if you want to get a place in the Gold Coast you should act fast as all the deals will soon be gone. Make the most of the low interest rates and a relatively cheap market and get in on the gold rush.